Crypto Gala | Easy Crypto

Unstoppable domain names is a san francisco-based business…Crypto Gala… that is providing domain name extensions that are tied to the blockchain instead of being tied to the dns system specifically you can get a dot crypto which is tied to the ethereum blockchain or you can get a zillow domain name extension which is connected to the silica blockchain which is an alternative to ethereum the benefit of using these blockchain based domain extensions is just that they are decentralized so the dns system is managed and run by icann so anything always requires approval from that governing body however something like a dot crypto or zillow these are based upon the blockchain and they are just entirely decentralized so there’s no governing body there’s nothing that requires any kind of approval or approval you as the owner own your domain so in this video i wish to describe to you everything that you require to know as a novice about unstoppable domain names make certain to inspect the links in the description for time stamps and any resources discussed in this video so let’s start how does domain registration actually work i think

individuals are going to be quite shocked that it’s way more complex and technical than you thought of so when you go to somewhere like namecheap.com or godaddy.com you’re not actually purchasing the domain what you’re doing is you’re releasing the domain name through a icann certified domain register why do i say i can accredit due to the fact that you can’t get your domain names directly from i can which is once again the nonprofit organization that manages the dns system you need to go through an icann certified domain name register in order to get a domain name which’s just how it works like you’re like why do i have to do that i don’t know why asking me those are simply the rules and that’s what people have actually been doing for the last couple of years in order to get a domain name so that’s why you require to pay an annual cost on your domain names since you’re not actually purchasing an owning domain name what you’re doing is leasing their domain so you’re going to namecheap.com to get your.com what they’re doing is then they’re going through the pc registry that manages that domain extension which is then completely handled and arranged by icann broadly speaking so like when you get it.com.net.org the pc registry for that extension

Is unstoppable domains on Ethereum? Crypto Gala

is a verisign for instance so all these different domain name extensions have different computer registries and the role of the computer system registry is simply to handle the administrative data for that particular domain name nft domain names versus the conventional dns system what’s the difference well the standard dns system is a centralized system as i mentioned earlier based around icann so you have actually icann you have your domain registries then you have your icann certified domain registrars nfts by contrast are non-fungible tokens non-fungal meaning like you can’t jump in and change it however like what does that particularly mean a non-fungible token is simply a piece of data discovered on a blockchain that is verifiable and represents a special digital product in this instance our domain dot crypto versus dot zill what’s the distinction with these two so if you jump over to unstoppabledomainnames.com link in the description you’re going to learn that you can’t geta.com.net.org why well you can’t you need to currently kind of know why because those are handled by verisign which is a domain name registry which is managed by icann that belongs to the dns system that’s why you can’t get those kinds of domain names through unstoppable domain you can just get blockchain based domain names today they only have a dot crypto in dot zo at the time of tape-recording this video the primary distinction is that these 2 are tied to various block chains that’s it so you have Crypto Gala

 

your dot crypto which is tied to the ethereum blockchain you have your dot zill which is tied to the silica block durian blockchain is way more industrialized and you have a little bit more services and features built around uh at the ethereum blockchain with a dot crypto domain than you finish with a dot zill however functionally speaking they are the same tailored crypto addresses that can be established as a payment gateway so this is the primary feature of unstoppable domain names obviously in time as like we have actually decentralized webhosting establish over time it will be possible to utilize like a decentralized domain and a decentralized web host to produce your own decentralized site currently it’s not truly possible i imply you can do it but it’s pretty technical uh.

Pros.

One-time purchase of domain.

Streamlines way in which people engage with crypto addresses.

Censor resistant domain saved in your wallet.

More functionality than traditional domains.

Supports 276 crypto assets.

Cons.

Have to spend ETH to claim domain.

Still some question as to whether Unstoppable Domains will accomplish extensive adoption.

Some domains are still pre-sale only.

What is Unstoppable Domains?

Unstoppable Domains was founded in 2018 by Matthew Gould, the current CEO, who saw a requirement for it to be much easier for users to communicate with crypto addresses. The objective of Unstoppable Domains is to be like the DNS system that entered place, so users did not have to discover IP addresses in order to get to websites, except for crypto addresses.

In this way they have actually succeeded considerably, as they have actually developed a domain system that allows users to set up payments for 276 digital properties under a single domain name, while likewise being able to be utilized as a completely functioning website that can even have actually dApps built onto them since the domain is hosted on the blockchain. With no annual renewal and a single payment charges, Unstoppable Domains is an appealing tool for crypto users.

Is Unstoppable Domains Safe?

Unstoppable Domains is extremely safe since when claimed the domains exist under your address on blockchain, meaning they are as safe and secure as the blockchain itself.

It is doubly safe because this also indicates that the domain can not be obstructed by anyone aside from you, so your website is never at risk of being down due to censorship. The website for buying the domains is safe too and can be protected with two-factor authentication.

How Much is Unstoppable Domains?

The cost of Unstoppable Domains depends on a 2 primary aspects, though it should be kept in mind that acquiring a domain is a one-time cost and requires no yearly renewals of any sort.

The first element is the cost of the domain itself, this can vary from $20 USD to well over $1000 USD depending upon the domain you select, as cost is based upon domain type (. crypto is more than.wallet for example), and the length of the domain, with shorter domains costing additional. In addition, there are superior domains that cost tens of thousands.

The next factor is the gas charges connected with using the Ethereum blockchain to declare your domain, since the domains are stored on the Ethereum blockchain, the transaction to claim them can be found in ETH and is not included in your preliminary purchase. The gas costs you will pay will depend on the present expense of ETH and the network blockage at the time of the deal. In general you can get likely yourself a cheap.crypto domain and claim it for under $50 total.

What Are the Best Features of Unstoppable Domains?

There are a couple of functions of Unstoppable Domains that stick out. The reality that it is a one-time purchase without any yearly renewal is exceptionally appealing thinking about the way traditional domain ownership works, and in addition, the domain is censor resistant, implying it can not be taken down by anyone besides the owner.

The domains likewise have more performance than traditional domains since they can be used to a payment router, but also utilized to develop websites with dApps constructed straight on them because they exist on the blockchain, allowing the use of smart agreements on your website. Crypto Gala

Perhaps the best and most enticing feature of Unstoppable Domains is that is provides you a method to have one address for you to receive 276 different crypto properties, suggesting as soon as you set it up you will just ever require to know your domain and your payments will be routed to the wallets you set up for each cryptocurrency. It is simpler not just for you, but for anybody who you want to receive funds from.

 

Possible Dealbreakers.

There is only one real potential dealbreaker when it concerns using Unstoppable Domains, which is the expense of claiming your domain with Ethereum.

This might just be a dealbreaker due to the fact that you do not have any Ethereum at your address and require to acquire some in order to claim your domain, or if for some reason you think it is unreasonable to pay the gas fees. However, this is a one-time transaction cost, and unless you choose to sell/transfer your domain to another person it will be the additional cost related to getting your domain.